Bias: Bearish.
Market context:
WTI remains in a clear downtrend on higher timeframes. On H4, price is trading below the 50, 100 and 200 SMAs, all sloping downward, confirming sustained bearish pressure. Market structure continues to print lower highs and lower lows, showing that sellers remain in control.
Price action:
The recent sell-off was impulsive, followed by a pause and short-term consolidation. This behavior suggests continuation rather than exhaustion. Current prices are extended to the downside, so selling at market offers poor risk-to-reward.
Trade idea:
Instead of selling the lows, the plan is to wait for a corrective pullback into a former demand zone that has now turned into resistance, aligned with dynamic resistance from the moving averages.
Plan:
Sell limit: 57.20 – 57.50
Stop loss: 57.90
Take profit 1: 56.40
Take profit 2: 55.80
Execution rules:
No chasing price.
If price does not retrace into the zone, there is no trade.
RSI oversold conditions are not a buy signal in a bearish trend.
Conclusion:
This is a structured pullback trade in the direction of the dominant trend, focused on discipline, patience, and favorable risk-to-reward.
Market context:
WTI remains in a clear downtrend on higher timeframes. On H4, price is trading below the 50, 100 and 200 SMAs, all sloping downward, confirming sustained bearish pressure. Market structure continues to print lower highs and lower lows, showing that sellers remain in control.
Price action:
The recent sell-off was impulsive, followed by a pause and short-term consolidation. This behavior suggests continuation rather than exhaustion. Current prices are extended to the downside, so selling at market offers poor risk-to-reward.
Trade idea:
Instead of selling the lows, the plan is to wait for a corrective pullback into a former demand zone that has now turned into resistance, aligned with dynamic resistance from the moving averages.
Plan:
Sell limit: 57.20 – 57.50
Stop loss: 57.90
Take profit 1: 56.40
Take profit 2: 55.80
Execution rules:
No chasing price.
If price does not retrace into the zone, there is no trade.
RSI oversold conditions are not a buy signal in a bearish trend.
Conclusion:
This is a structured pullback trade in the direction of the dominant trend, focused on discipline, patience, and favorable risk-to-reward.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.